[miningmx.com] — WHITE Water Resources posted an interim headline loss of 0.9 cents per share for the period to end-September against headline earnings of 0.8 cents per share a year ago.
“As at 30 September 2010, the group had accumulated losses of R268.6m and
the net loss of the company for the six months ended 30 September 2010 was R3.2m compared to a profit of R3.1 million for the comparative six months ended
30 September 2009,” the company said in a statement.
It added that the board of directors continued to reduce the operational costs of the group and was determined to return the company to sustainable profitability.
“The Board has resolved to focus the company on its gold investments within the prospecting rights held by the company, and its subsidiaries.”
